JD Supra: Mergers

JUNE 28, 2023

In this blog, we posit that “before” refers to the “bull market” that ended in January 2022, and “after” refers to everything that – happened, is happening, and will happen – next. History is often written by reference to “before” and “after.” By: Foley & Lardner LLP

IPO 130

IPO Valuation 130

TechCrunch: M&A

MAY 31, 2023

Financial terms of the deal, which marks Stripe’s first acquisition since it bought card reader provider BBPOS in January of 2022, were not disclosed. And Stripe, which has yet to go public via a long-awaited IPO, earlier this year raised $6.5 And Stripe, which has yet to go public via a long-awaited IPO, earlier this year raised $6.5

Engineering 236

Engineering IPO Acquisitions IT 236

Cooley M&A

JANUARY 25, 2023

Although 2022 saw a general decline in M&A activity in the life sciences industry compared to 2021’s frenetic pace (when deal volume was up 52% from 2020 ), life sciences deal flow in 2022 on balance remained strong despite the headwinds. Let’s dig in. Let’s dig in.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

The Harvard Law School Forum

OCTOBER 12, 2022

Noel, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, October 12, 2022 Editor's Note: Christopher M. SPAC activity continued to slow in the first half of 2022, a sharp decline from the number of deals and IPOs in the same period in 2021. Slowdown in SPAC Activity in the First Half of 2022. Barlow , C.

IPO 85

IPO M&A Corporation Government 85

4Degrees

JANUARY 19, 2023

It’s 2023, and the bonanza of M&A deals and IPOs we experienced during the pandemic has dried out. 2022 was a dismal year for IPOs, with a meager 181 US IPOs compared to 1035 in 2021 and 480 the year before. On the M&A side, global market turbulence has affected the number of mergers and […]

IPO 52

IPO Investment M&A Mergers 52

Growth Business

JUNE 8, 2023

According to further figures from Dealroom , UK tech companies raised the most across Europe in 2022, securing $17.3bn in the first half of the year before the sector achieved combined market value of $1tn — meaning the UK had the most ground to lose.

Investment 78

Investment IPO Business Funds 78

Cooley M&A

APRIL 1, 2022

The proposal arrives in the context of calls from various corners, including from SEC Chair Gary Gensler and former Acting Corp Fin Director John Coates, to treat SPACs as an alternative method of conducting an IPO under the SEC’s policy framework. (See See this PubCo post , this PubCo post and this PubCo post.)

IPO 72

IPO Investors Advisory Investment 72

TechCrunch: M&A

JULY 27, 2023

billion in July 2022 following an $800 million round. million users to the platform, and comes as Upgrade weighs an IPO. To blame could be general malaise in the BNPL sector post-pandemic, particularly among consumer-focused BNPL vendors. billion to just $6.7

Finance 219

Finance Finance IPO Debt 219

Growth Business

NOVEMBER 20, 2023

The UK is aiming to become a science and technology superpower by 2030, however, there has been a tendency from promising UK start-ups to attract investment and IPO abroad instead. To combat this threat, Hunt is looking to cultivate a group of 20 homegrown investors specialising in science and tech – in particular AI, robotics and vaccines.

Funds 94

Funds IPO Investment Government 94

The Deal

OCTOBER 17, 2023

Public markets, however, have been tepid, with the much-awaited IPO of L Catterton Management Ltd. “We do think some of the transactions that may have launched in 2022 will start to get done in the back half of 2023.” portfolio company Birkenstock GmbH & Co. KG having an underwhelming start.

M&A 64

M&A IPO Retail Medical 64

The TRADE

FEBRUARY 29, 2024

rise year-on-year as compared to 2022. We are also seeing an encouraging IPO pipeline for the London Stock Exchange. LSEG highlighted the importance of integration following the 2022 acquisition of Quantile, and Acadia. David Schwimmer The data and analytics offering saw a 7.3%

Trading 110

Trading Acquisitions Capital Market Book-building 110

The Deal

NOVEMBER 9, 2023

Sloan lamented the run-up in the SPAC market in 2021 and said 2022 included plenty of deals that shouldn’t have been done and plenty of companies not ready for primetime. And while Sloan said he believes deeply in SPACs serving a purpose in bringing companies public, he revealed that for most companies, a traditional IPO is a better fit.

Entertainment 59

Entertainment Private Equity IPO Sale 59

Cooley M&A

FEBRUARY 7, 2023

That said, cross-border M&A remained largely resilient in 2022, with a return to healthy pre-pandemic levels, and while the types of deals we see in 2023 may evolve, many observers believe that deal volume will remain buoyant throughout the year. Regulators, particularly in the US, are becoming more skeptical of remedies in merger cases.

M&A 59

M&A Mergers and Acquisitions Mergers Finance 59

The TRADE

AUGUST 14, 2023

Following the completed merger, Redburn Atlantic will now operate as the equity capital markets execution arm of Rothschild & Co, with the aim of delivering participations for clients in IPOs, placements and block trades.

Broker 52

Broker Equities Mergers IPO 52

OfficeHours

OCTOBER 16, 2023

Even in 2022, when take-private deals hit a new record, they only accounted for 37% of the total value of transactions. Like a typical leveraged buyout, this can be achieved by selling the company to another private entity, or another PE firm, or taking the company public once again through an IPO.

Investors 100

Investors Private Equity Equities Debt 100

Cooley M&A

JANUARY 20, 2022

As companies face increasing pressure from regulators to address cybersecurity challenges and simultaneously make remote work a more permanent feature (whether a full-time or hybrid model), we expect cybersecurity solutions to remain in focus for 2022 tech M&A. R&W insurance shaping expectations in tech M&A.

M&A 40

M&A Insurance Mergers and Acquisitions IPO 40

OfficeHours

OCTOBER 23, 2023

Even in 2022, when take-private deals hit a new record, they only accounted for 37% of the total value of transactions. Like a typical leveraged buyout, this can be achieved by selling the company to another private entity or PE firm or taking the company public once again through an IPO.

Investors 130

Investors Private Equity Equities Investment 130

Cooley M&A

JANUARY 25, 2023

Tech M&A in 2022 was a tale of two halves. billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 trillion. [2] trillion.

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

The Deal

AUGUST 9, 2023

M&A is a central part of SymphonyAI’s growth strategy as the company prepares for a potential private placement and, eventually, an IPO. “We’re Dhawan became CEO of SymphonyAI in 2022, replacing founder Romesh Wadhwani. Enterprise AI specialist DataRobot Inc. raised $300 million at a $6.3 billion valuation in 2021.

M&A 40

M&A Private Equity Retail Financial Services 40

Cooley M&A

JANUARY 23, 2024

While the year saw an overall decline in M&A activity (down 17% from 2022) , total pharmaceuticals and life sciences deal value in 2023 increased by approximately 50% compared to 2022. Why did life sciences outperform the market? The last quarter of the year ended with a surge of deal activity. billion, Mirati for $5.8

M&A 52

M&A Mergers and Acquisitions Acquisitions Pharmaceutical 52

Focus Investment Banking

APRIL 14, 2024

bakery market has shown steady historical growth, with industry revenue rising roughly 4% annum from 2004 to 2022. Jim has worked on numerous IPOs, sell-side transactions, fairness opinions, and capital raises, mainly for consumer products companies and restaurants. The $75 billion U.S. bakery industry is on an upward trajectory.

M&A 52

M&A Food Private Equity Manufacturing 52

TM Capital

AUGUST 8, 2024

At Goldman Sachs, she led the firm’s technology IPO business and became the first female partner of Goldman Sachs’ equity division. In the United States, women constituted ~52% of entry-level jobs in the financial services industry in 2022 – compared to ~35% in the 1980s – indicating women have a slight edge at this level now.

Book-building 52

Book-building Financial Services Finance Finance 52

TechCrunch: M&A

JUNE 26, 2023

Apptio itself has grown over the last several years with its own acquisitions, specifically buying Cloudability in 2019 , TargetProcess in 2021 and Cloudwiry in 2022. The second is that it’s worth watching to see what happens next across the PE landscape.

Management 48

Management Acquisitions Business IT 48

The TRADE

NOVEMBER 17, 2023

Unlike the US and Asia, Europe has produced stagnant volumes year on year, driven by several macroeconomic factors and a suffering IPO market. The thing that will likely devastate Europe if not taken in hand is the level of fragmentation in the region – made worse by Brexit – and the stunted growth it has seen in the last few years.

Trading 67

Trading Financial Services Accountant IT 67

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] in 2022 to 5.9x

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

The Harvard Law School Forum

OCTOBER 19, 2022

Posted by Ian Nussbaum, Bill Roegge, and Meredith Klionsky, Cooley LLP , on Wednesday, October 19, 2022 Editor's Note: Ian A. Nussbaum is a partner, Bill Roegge and Meredith Klionsky are associates at Cooley LLP. This post is based on a memorandum by Mr. Nussbaum, Mr. Roegge, Ms. Klionsky, and Mr. Nimetz.

M&A 101

M&A IPO Shares Stock 101

Cooley M&A

APRIL 13, 2022

We have reviewed the bylaws of a number of corporations that have gone public through a deSPAC or traditional IPO process. We suggest that companies going public through a traditional IPO or deSPAC transaction draft the advance notice bylaws to account for the first annual meeting. 14, 2022), at 38. One final word of caution.

Corporation 52

Corporation IPO Mergers IT 52

Mergers and Inquisitions

NOVEMBER 22, 2023

The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal. I’m still listing it because it was #9 by global IB revenue in 2021 and 2022, but I would not be surprised if it fell off this list eventually. This does not mean it’s a bad place to work.

Bulge Bracket 105

Bulge Bracket Bank Banking Boutique 105

Cooley M&A

SEPTEMBER 16, 2022

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders. Potential carve outs for M&A voting agreements. Stockholder litigation.

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

Mergers and Inquisitions

NOVEMBER 1, 2023

This chart of PE deal activity from 2001 to 2022 in the Bain Capital Healthcare Private Equity report sums up the market quite well: In short, healthcare had never been a huge sector for private equity, but activity ramped up in the late 2010s into the early 2020s, and it’s now one of the top industries by dollar volume (right after tech).

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

M&A Leadership Council

AUGUST 15, 2022

4 A common type of spin-off is the “IPO carve-out,” in which the company goes straight to the IPO without the distributions to stockholders. If the parent retains an interest in an IPO carve-out, this may be termed a “divestiture IPO.”. What is a split-up? Interested in learning more about divestures and carve-outs?

Mergers and Acquisitions 52

Mergers and Acquisitions IPO M&A Initial Public Offering 52

OfficeHours

AUGUST 20, 2023

Once improved, the exit can then take place, usually in the form of another sale or an Initial Public Offering (IPO), both of which are usually under the advice of an investment bank. During the hold period, the private equity firm can improve operations, management structure, and financial strategies to optimize the business.

Private Equity 130

Private Equity Equities Investment Banking Finance 130

The TRADE

MAY 30, 2024

Engaged by the buy- and sell-side in 2022 to explore the functional use cases of a consolidated tape, the firm is now exploring becoming an industry led candidate to rival EuroCTP. “We An additional three times multiplier is also added if the venue has had an IPO in the last three years in a bid to encourage more listings.

Equities 52

Equities Consulting Trading IT 52

Cooley M&A

JANUARY 10, 2022

As SPAC IPOs broke records – in both value and volume – in 2020 (and again in 2021), it was inevitable that stockholder litigation would follow. January 3, 2022), the Court of Chancery had the first opportunity, in connection with a motion to dismiss hearing, to consider application of Delaware law in the context of a deSPAC transaction.

Shares 40

Shares IPO Mergers IT 40

Razorpay

JUNE 8, 2023

Corporate Finance Management Special kinds of banks called investment banks help businesses with complex financial transactions like mergers and acquisitions or IPOs. Your business is in 2022 – it’s up to you to ensure your banking is, too. Businesses take loans to expand operations, meet liquidity needs, or fund daily operations.

Bank 52

Bank Banking Accountant Financial Institution 52

Cooley M&A

JANUARY 20, 2022

While 2020’s M&A landscape was characterized by whiplash volatility from choppy deal activity in the first half of the year to a surge in volume in the second half, that momentum accelerated in 2021, with no signs of slowing down heading into 2022. on transactions dominating the life sciences landscape into 2022. [4].

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40